ACC's economic outlook for the week ended 10 May 2013

9:32 AM MDT | May 13, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained at 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Credit up 3.4% SAAR; up 3.5% Y/Y Wholesale Trade down 1.6%; up 0.4% Y/Y Global Semiconductor Sales up 1.1%; up 0.9% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up $96.39 (Thursday) Natural Gas down $3.89 (Thursday) Railcar Loadings up 555 from a week ago; down1.4% Y/Y (13-week moving average) Chemicals down 0.7% Y/Y...